Airline Stock Roundup: Azul Misses On Q4 Earnings, AAL Calls Off Venezuela Flights
Zacks Investment Research | Mar 19, 2019 12:17AM ET
In the past week, Latin American carrier — Azul (NYSE:AZUL) reported lackluster fourth-quarter 2018 results with lower-than-expected earnings per ADS as well as revenues.
On the non-earnings front, the unrest in Venezuela compelled American Airlines (NASDAQ:AAL) to temporarily suspend its operations to the Latin-American nation. Following American Airlines’ pull out, no major U.S.-based carrier will be operating in the troubled nation. Delta Air Lines (NYSE:DAL) and United Continental Holdings (NASDAQ:UAL) had stopped operating flights to Venezuela in 2017.
Also, Southwest Airlines (NYSE:LUV) inked an Agreement in Principle with the Aircraft Mechanics Fraternal Association (“AMFA”) — the union representing 2,400 mechanics at this low-cost carrier — in the past week. The deal will become effective for five years, if the outcome of the voting procedure is favorable. In that case, the agreement becomes amendable on Aug 16, 2024.
(Read the last Airline Stock Roundup Zacks Investment Research
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